Available For Sale - Office

3,480 SF | Show Pricing $

LISTED BY

Jared Ennis
Central CA Commercial, 559-705-1000

AVAILABILITY DETAILS

Size
3,480 SF
Price/SF
Show Pricing $
Listing ID
SA531038
Notes
Owner/User or Value add investment opportunity: Freestanding building totaling ±3,480 SF on ±0.165 AC of retail or office spaces off Blackstone Ave & CA-180. Offers (4) economical ±1,000 SF separate spaces with unique addresses leased to long-term tenants on Modified Gross lease forms. Value-add opportunity with actual rents of $24,400/year collected plus upside potential. Unique investment offering where an owner/user can occupy the vacant and/or MTM units with easy-to-rent small spaces within an under-built market offering a strong need for these type of spaces. After leasing the vacancies and extending leases, the realistic 6-12 month stabilized gross annual income is $52,200 (2.14x existing rent). Once stabilized, the deal offers a 7.14% CAP rate and a 1.88 Debt Coverage Ratio when leveraged with 30% down!



The value-add opportunity consists of leasing (1) vacancies of 1,030 SF, addressing the under-market rent of the (2) MTM tenants, extending lease length over the next 6-12 months, and charging the customary "pass-through" expenses of Water, Sewer, Trash, and Gardening to eliminate these items from the Landlords ledger.

Unique flexibility offering configurations ranging from ±750 – 1,030 SF with the ability to combine spaces to create larger units via existing connecting doors between the units. Clean spaces with newer paint, hard-surface flooring, LED lighting, newer HVAC units, quality roof (zero leaks), & new doors/hinges/fixtures! Access to high speed Internet, separate meters, private ADA restrooms, private entrances (w/ secured entry), outdoor LED lights during the night hours, and consists of demising walls (can be combined). Building offers a full exterior lit private rear parking, excellent existing signage, great visibility & easy access to CA-180 ramps.
Uses
Office

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
3,480 SF Lease Office $TBD chevron_right
Space/Suite
 
Square Feet
3,480 for lease
Uses
Office
Asking Rent/Price
$TBD

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Jared Ennis, Central CA Commercial
BRE# 01945284